Published on : Aug 25, 2016
ALBANY, New York, August 25, 2016: A new market research study, titled “Global Mobility Scooter Market - Strategic Assessment and Forecast Till 2021,” has been added by ResearchMoz.us to its vast repository of research reports. The 130-page research study offers a detailed analysis of the global mobility scooter market, emphasizing on the key opportunities and current trends. The research study offers an overview of the key factors propelling and restraining the growth of the overall market in the forecast period.
As per the research report, the global market for mobility scooters is estimated to register a 3.08% CAGR between 2015 and 2021. This market is anticipated to reach a value of US$2.4 bn by the end of 2021.
The growing geriatric population, technological developments in the healthcare segment, and rising incidence of knee disabilities and related disorders are some of the prime factors estimated to augment the growth of the global mobility scooter market in the near future. In addition, the rising adoption rate of mobility scooters and the growing awareness regarding the different types of equipment are projected to propel the market in the coming years. Moreover, initiatives taken by several governments are estimated to encourage the growth of the mobility scooter market across the globe.
On the other hand, the misuse of the equipment by able-bodied people and lack of essential infrastructure in several countries are some of the key factors expected to impede the growth of the global mobility scooter market throughout the forecast period. Nevertheless, the increasing online sales and increasing focus of key players on advertising are anticipated to create potential growth opportunities in the near future.
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The research study has classified the global mobility scooter market on the basis of design into road, mid-size, and boot scooters. In terms of wheels, the global market has been categorized into three-, four-, and five-wheel scooters. The size and growth rate of each segment have been discussed in the research study. Furthermore, the demand, supply, and market share of the key geographical segments have also been included in the study to give a clear picture of the global mobility scooter market.
The research study analyzes the prominent players operating in the mobility scooter market across the globe and presents insights into the competitive scenario of the market. The leading players in the market are Sunrise Medical, Drive Medical, Golden Technologies, Electric Mobility, Quingo, and Pride Mobility. Some of the other key players listed in the research study are Vermeiren International, Kymco, Afikim Electric Vehicles, TGA Mobility, Roma Medical, Van Os Medical, Invacare, Merits Health Products, Amigo Mobility International, and Hoveround Corporation.
To provide a clear understanding of the global market, the research study has presented the key business strategies adopted by the leading players. The prominent players in the research study are focusing on expanding their product catalogue in order to sustain in the global mobility scooter market in the next few years. In addition, several players are adopting policies such as strategic collaborations and mergers and acquisitions in order to establish a foothold in the coming few years.
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